🔴 2x Long SanDisk ETF (SNDG) is trading 3.89% down today amid CXMT’s rising DRAM share

SNDG is trading at $8.40, down 3.89% during early trading on September 3, 2026, amid investors’ reassessment of China’s CXMT memory-chip competition.

• CXMT’s global DRAM share rose to 10% in Q2 from 4% last year; its $8.6 billion Shanghai IPO and planned HBM and LPDDR6 development may pressure memory/storage stocks.
• Broader equities are higher, making this primarily a memory-sector rotation rather than a market-wide selloff; SanDisk’s recent AI-demand gains may leave the leveraged ETF vulnerable to profit-taking.